Well, in fairness to Schiff, when a tidal wave hits, the water goes out before it comes in. What we may have witnessed at the end of last year was the tide going way, way out there before the big wall of water comes rushing in. Gold did hit a 5 month high today.

Yes but as I stated over a month ago concerning Schiff and investing in China. When the tide went out it took all of his clients with it and they drowned in massive losses.

If you had talked to any business people and ignored "economists" they would have told you when the US doesnt buy goods no other country makes money. Countrys like Korea and Aus make their money selling parts to China, then China assembles the parts and sells them to the US and Europe.

America and Europe have shopped until we dropped. The only countrys you will see remain stable over the coming months are the agriculture based economys. Viet nam. Parts of China. States such as Kansas. Industrial-petroleum based economys will flounder for years and see flat to little growth.

As to China turning to domestic growth. Never happen Captain. The government in China will never allow a true middle class to come into being. What they will do is try to keep the peasants from rioting and will resort to police action when the western idea of stimilus fails, as it most assuredly will.